Don't miss this captivating 5-cabin property on 9 acres, including 6 undeveloped acres on the ridge, centrally located between Boone and Banner Elk. The property saw strong rental income in 2022 & 2023—and its new, boutique rental management program offers passive ownership with a high-ROI venture from day one and room to grow! One studio cabin, one 1BD/1BA cabin, two 2BD/1BA cabins, and a deluxe 2BD/2BA cabin—all within a 1/2 mile to the iconic Mast General Store & Valle Crucis Park. Lighted pathways will guide your guests to the neighboring inn for delightful evenings of fine dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals. Current 6 BR septic and well permits for the undeveloped ridge. Utilize the roughed-in drive and available build sites for your dream residence or explore further revenue growth with additional cabin builds, amenities, or event space. Come see this fantastic property today!
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| MLS#: | 4102633 |
| Acreage: | 9 |
| Year Built: | 2000 |
| Waterfront: | No |
| Closing Date: | Oct 24, 2024 |
| List Price: | $2,600,000 |
| Sales Price: | $2,250,000 |
| Days on Market: | 143 |
| Listed by: | Mary Baker, Keller Williams High Country |
| Sold by: | Non Member, Canopy Administration |